Description

Updated as of 4/15/2026.-AUCTION SALE: Century 21 Masters and FRE Auctions are pleased to present this Online Auction Plus Event. STARTING BID: $1,500,000. PACKAGE INCLUDES TWO ADJACENT ASSETS. • ASSET 1: Fully occupied two-story office building located at 1833 W 8th Street (APN: 5142-006-009), totaling approximately 20,600 rentable square feet on an approximately 12,023 SF C2-1 zoned lot, providing stable in-place income with significant upside as current rents are below market, offering a strong opportunity to stabilize and increase cash flow. The asset reflects an estimated 5%–6% in-place cap rate based on current NOI and generates approximately $400,000 in gross annual income with stable occupancy (26 tenants). • ASSET 2: Separately parceled parking lot located at 741 S Bonnie Brae Street (APN: 5142-003-021), featuring approximately 36 striped spaces with alley access on an approximately 9,150 SF R4-1 zoned lot, offering existing income and strategic value in a dense, transit-oriented area with limited parking supply. The assets are adjacent and operate as a unified investment, offering control of income, parking, and future optionality. Combined land area is approximately 21,173 square feet, near Downtown Los Angeles and Koreatown. Property offered via auction with reserve. All offers must be submitted through the auction platform. Seller reserves the right to accept, reject, or negotiate offers prior to or after the bidding period. Buyer to assume all existing tenants. Property sold AS-IS. All information deemed reliable but not guaranteed. Buyers to conduct their own due diligence.